ROLLER COASTER.

Markets made a positive move in morning and kept trying to move up , stalling and just tumbling to supports of 3050 zone ...(good we booked profits)before making a U turn and reversing , covering all the losses of the day..markets are still overbought and near reaction areas, results facing us in coming days ..lets sleep over this and look deeper in to the technicals for some semblence of these moves , again a very foxing day.. .enjoy the day..Cheers.

WHATS NEXT

Markets have been doing a daily last hour surge ,triggering the SLs and ending higher..WHATS HAPPENING...The band was 2800-3200 and after touching the low , we are slowly creeping towards the top end of this range..Wild bullish figures are now been thrown by experts ...As we r reaching the upper end of this band ( all indicators are mostly in overbought zone..), i will be vary at these levels and again request all to keep booking their stocks in profits..3150 is area to watch above which 3175-3200 is a resistance zone..happy trading..cheers

SURPRISE RALLY

The last hour trade just took most traders by surprise( including myself) after moving in a very tight band the whole day...as they moved on a few select shares ralling namely RIL, ONGC etc to cross the old high of 3110 , where stop losses got hit.. will watch 3150-60 very closely tomorrow for any reaction to come failing which we will be heading to wards 3200 zone then.Supports now are at 3050 and 2990 ..take care ..cheers..

WEEK AHEAD

Its positive mood all over right nowdue to global cue & local stimulus..well we are also reaching the top of the bend and results just facing us in the next few days ..2990 this week will be the S/R , so watch that for longs, resistance lies in 3100-3150 zone..trade accordingly and investors should wait for dips toreinvest rather than chase the market..take care CHEERS..

WHAT MAKES ONE A GOOD TRADER

Contrary to the myth , that just knowledge of technicals is the KEY to being a GREAT TRADER, TRY being HUMBLE, respect the MARKET, have some VISION, PATIANCE, PRESERVERANCE & learn the ART OF TIMING, SEE HOW IT WORKS wonders ....CHEERS..

MARKET ROUNDUP

Markets kept swinging ..stopped at app. 3080 and reactions came fast furiuos..3110 level over this is the area to watch and 2990 below for supports ...lets see how US markets pan out and how monday opens.. after the stimulus package is given tonite by our government..remember it will be results time by next weekend and things have not been good last 2 qtrs...Hope friends had booked their stocks in profitable positions..enjoy the weekend..cheers..

MOVING AHEAD.

Markets are moving ahead despite most markets being shut on different days all over due to new year..3045-3080-3110 is where some reaction can come again, keep booking profits and be light on your profitable portfolio......supports again are at 2990 and deeper down 2950 zone. Happy Trading ..cheers

POSITIVE START

After doing nothing for most part of the day nifty suddenly turned crossedthe previous highs and moved towards it target of 3045.....watch 3080 zone for resistance to this upmove..The range in the coming weeks could expand as 2850-3100 range now is being tested at the top..warm wishes to all...enjoy the day....

YEAR AHEAD FOR US.

Ater closing near 50% levels or december 2007 , markets are poised to make a move in the coming few days as key players move back to their desks after the holidays..The key will be Fresh money injection by smart money if they have the conviction that governments are doing the right things to boost their economies etc..and results not very disappointing..Failure of this can again slide th markets to test lower levels or lows made in october in the coming few weeks..3240 is a very important level to watch...Trade carefully and indirection . WARM WISHES FOR ALL ..RAJAN BHATIA.

A VERY HAPPY PROPSEROUS NEW YEAR FOR ALL..

Markets just about did nothing and kept checking the range and leaving a footprint of app 2950-3000 levels to watch for any breakout..lets enjoy tonite and let the heaviness of 2008 go by..take care..wishing all a very happy prosperous new year ..rajan bhatia.

LAST TRADING DAY

Markets have at least tried to cheer up all by recovering from (MAGIC LEVEL 2860), to move upwards close to 3000.(ASIA IS POSITIVE).which is app. half of where we were on 31st December 2007..The huge price damage and erosion which has taken place in this last 1 yr would surely be a dampner for this NEW YEARS celebration for many . 3020 is a resistance zone , cross of which can take us to 3110-3150 and supports now lie again in 2900-2920 zone.. happy trading ...cheers..

RETESTING TOPS AGAIN

The gains of yesterday got sold into in the morning around 2950 area , taking support at 2900 market traversed back to test 2990 again and closed a tad below it. Nothing much can be derived out of todays trade except that markets have come back to test its strenght, can go higher on short covering , before new year augurs some fresh buying for it to show its hand..over all a whipsaw day for traders caught on the wrong side of the trade..enjoy the day ...cheers.

CAREFUL UPMOVE

markets held the 2860 zone again , moved up ..this could be a rally in the downtrend..watch it carefully..2950 then 2990 is a area to watch again..a few closes over 2990 will reverse this down move .. trade light and in direction and let the holidays go by for some serious trading /investments calls to start..cheers..

SURPRISE SURPRISE

What can one say, the classic WHIPSAW..saw NIFTY taking support at the levels given by me in the morning and before------ turned, moved up , stalled a bit at 2880 and surged ahead to close at the top of the day at 2930 a resistance area., making shorts cover. The participation is light due to holidays ahead and serious trading will get underway only next week. Trade light and in the direction...Cheers.

WEAK GLOBAL CUES

Going into the NEW YEAR , markets are on a back foot right now , volumes are light and no major swings are expected..2880 emerges a region to watch over which is 2920 area..and supports at 2820-30 zone.. trade light and in the direction so as not to be whipsawed..happy trading Cheers.